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council resolution. >> reporter: the u.s. ambassador to the u.n., susan rice, echoed the strong criticism. >> the actions of north korea are a threat to regional peace and security, international peace and security, and they are not acceptable. they will not be tolerated. and they will be met with north korea's increasing isolation and pressure under united nations sanctions. >> reporter: the security council was quick to condemn the test. it also responded quickly in december when north korea successfully launched a long-range missile. the test could bring north korea closer to developing a nuclear warhead that is small enough to be mounted on a missile. critics point out that the security council members feel that the threat of north korea's program is becoming more rea than ever before. >> so miki, what's next? will the security council adopt tougher sanctions against north korea? >> reporter: well, the u.s., along with south korea, australia, and european members are all for tougher sanctions. these may include tightening the noose on north korea's financial institutions and weapons t
or microsoft. maybe cisco is the one to take us to new highs. >> the leader today which was positive, amazon, comcast, our parent 100% now and facebook, so, you know, it's the new technologies that are leading the way here. >> facebook had a nice turnaround after they came out and said they sold apple and buying this one. a big move late in the day but the nasdaq has been positive all day and think that could be the new leader to take us to new highs. >> going well off the lows of the day, the dow down 38 points, the s&p and nasdaq positive. stand by for the very important cisco earnings on the second hour of the closing well with maria. see you tomorrow. >> and it is 4:00 on wall street. do you know where your money is? hi, everybody, welcome to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. a mixed day for the market. the dow failing to hold on to 14,000 level with the decline of 36 points off the worst levels, even there, as you can see there, a decline of 37 points. take a look at how we're finishing the day overall. a reversal of yesterday's decline
be saying we will look at a crash again. he joins us now on the phone from thailand. it is a pretty big pullback. >> not really. i think there are two thin areas we have to consider. the market will become really over bold. connell: we could see a crash. >> i think what most investors overlook is on march 6 of this year, we will be four years into the bull market. fifteen months ago, we were at 1074 on the s&p. we are up almost 50% in 15 months. we are very extended already. connell: i want to hear your argument for that. there have been a number of people making the case for stocks being cheap on a relative basis. i want to take you back a little while. you are author of "the doom, gloom report." we have actually gone up, not down. obviously, that surprises you a little bit. >> i am familiar with that theme because i have been through it so many times. the opposite is in march 2009, people could not see why stocks would move up and a year ago, and europe when reese and italy, portugal and spain, people could not see why they would go up. connell: it has, obviously, guy. if you look at
. >> reporter: with earnings season winding down, wall street could use some new headlines to chew on. good economic data would be nice. friendly washington politics would also be helpful. tonight's state of the union speech might give investors a clue as to whether that's likely to happen. veteran trader teddy weissberg is hoping president obama will stress the need for bipartisanship but isn't sure that's what he'll hear. >> in terms of tonight, i don't think anybody that i talk to in the wall street arena expects to hear anything terribly dramatic one way or another. >> reporter: since lawmakers and the white house kicked the proverbial can down the road around new years, the stock market has rallied rather nicely. the s&p 500 is up nearly 7% and the dow is about 150 points away from its all-time high. of course, stocks have been getting help from corporate america, too. it turns out fourth quarter profits were better than expected, led by the housing sector and financial firms. >> about 345 companies have reported so far, of which 70% have beaten earnings expectations and 66% have beate
's parent company, amr, and u.s. airways are scheduled for a separate meeting today to talk about a merger. larry shover of sfg alternatives joins us now for some trader talk this morning. good to have you on the show post the president's speech last night. how much will it mean to the markets today? > > you know, it was a really great speech last night, but i think a lot of that was priced into the market, because president obama did lay out his proposals and his plan quite a while ago, and there really was nothing material that changed from what he had spoken about even a couple months ago. > the market seemed to be a little concerned about some statements out of the g-7. how is that playing out? > > it is funny, the market is concerned, but i think they are more concerned with the g20 that is coming up on friday. right now we are just stuck in a micro-range right now, because people don't know what to make of it. there are so many headlines coming out of europe. i don't think people know what end is up right now. > here is a big headline: opec is talking about all the demand out there f
-hour -- >> in his state of the union address, u.s. president barack obama proposes fresh negotiations on a transatlantic free trade agreement. >> pope benedict celebrates his last public mass as pontiff inside st. peter's basilica in rome. >> and the movie "night train to lisbon" has its world premiere at the berlin film festival. president barack obama says the american economy has made important progress, but there is still a long way to go. he delivered the annual state of the union address in washington last night and urged americans to help jump-start the country's sluggish -- sluggish economy. >> pushing hard for a special economy would significant job growth. that looks like the message obama plans to hammer home time and time again during his time in office. >> presidents also touched on foreign policy, praising u.s. soldiers stationed in afghanistan and promising them a speedy return home. >> the president of the united states. [applause] >> it is a washington ritual, long applause, handshakes, and hugs on both sides of the aisle. in his speech, obama focused clearly on domes
uses his state of the union speech to urge congress to end the battle over the budget and work together to boost the u.s. economy and help the middle class. >> together we have cleared away the rubble of crisis. we can say with renewed confidence that the state of our union is strong. >>> there we go. >> who doesn't love to kick off a wednesday morning with the iea monthly oil report? >> they have lowered their oil demand growth expectations on weaker gdp forecasts. demand growth, 840,000 barrels a day in 2013. they've cut the forecast for opec crude to 29.8 million barrels a day. they say oil supply will hit a 12-month low in january. >> can we show crude and look at the reaction there? we'll take a look in one second. what else are they saying in this report? >> they say the non-opec supply will be rising. opec supply will be falling. non-opec supply is rising, one million barrels a day this year. then they talk about iran oil production hovering below the lowest in 30 years. new sanctions could see further declines in iranian output. they say the sanctions are costing around $40 bill
had told the u.s. government about the test beforehand. and even china, north korea's sole ally, has urged pyongyang to stop before it makes matters worse. >> tensions are high in south korea. protesters denounced north korea's nuclear tests. north korean state media claim the country had exploded a more powerful bomb than it had been able to build a earlier. diplomats at the united nations security council emergency meeting also expressed alarm. >> countries around the world, including every member of this security council, agreed that this test was an extremely regrettable act that further undermines international peace and security. >> many countries will likely impose new sanctions against north korea, but observers say that china has the most leverage. >> for china, it will depend on showing that north korea has gone too far this time and it will not go without consequences for the north korean-chinese relationship. i expect that china will also decide on painful sanctions for north korea. >> china is north korea's protector, but p'yongyang carried out the nuclear test not far f
"newsline". u.s. president barack obama spent much of his first term battling a financial crisis. he won four more years with a pledge to get the economy going again. now he's outlined his strategy for making good on that promise. this year's state of the union address focused on job creation. but north korea also got high play. he said he would seek a tough response to tuesday's nuclear test. we have a report from washington. >> reporter: obama laid out his agenda for this year. he spoke about boosting domestic investment, particularly in infrastructure to bolster the economy and increase jobs. he said he wants to improve the livelihood of middle income americans. >> it is our generation's task to reignite the true engine of america's economic growth, arising, thriving middle class. >> reporter: he promised to tackle issues likely to face opposition from the republicans. tightening growth, tapping the nation's green ooh house emissions and fixes the immigration system. the president singled out north korea as a security threat. he said the regime can only achieve security and pr
you, appreciate it. that does it for us today. make sure you join us tomorrow. right now it's time for "squawk on the street." >>> good wednesday morning. welcome to "squawk on the street." i'm melissa lee, along with carl quintanilla and david faber. jim cramer is off this week. today we've got treasury secretary nominee jack lew heading to capitol hill. let's check on where we stand in terms of u.s. futures. it looks like we'll be building off of multi-year highs here in the u.s. the picture in europe, again, the sort of anti-race to the base movement going on. the euro is moving higher this morning. we see green arrows across the board. overnight in asia, japan's nikkei down by about a percent here. on heavy volume. the yen gaining there. our road map starts in washington, d.c. the president unveiling an ambitious agenda. he also called for billions to rebuild the nation's infrastructure. >> the dow is back above 14,000. only 1% away from an all-time interday high. the s&p also near its highest levels since november of 2007. what could help markets today? better than expected ea
hat to, siemens usa at the heart of the infrastructure. ceo and president talking to us exclusively about the repair work and what it means for jobs in this country. plus, making money in real estate investment trust without any of the exposure to the gyrations of the stock market. a ceo who runs one of the top private funds in the u.s. it is a fox business exclusive. and will today be the day? will the dow take at its all-time high "countdown to the closing bell" begins right now. ♪ liz: looks like we might get there, but hi, everybody. i'm liz claman. the last hour of trading. selling started to pick up. stocks are trading near session lows. the nasdaq has lost a lot of the steam that it had earlier taking a look at the dow jones industrials to lower by 62 points, though of the session down 64, one and a half% from its all-time highs. that, of course, is the number that goes back to october in 2007. the s&p 500 can't make any of the green state down about two points. ec the nasdaq of three points. of more than 11 points. of course the nasdaq to the opposite. it was down. today w
. adam johnson is in the vatican for us and joins us now. quite a moving experience for those present? >> indeed. we are here in rome at the start of a fortnight, the likes of which catholic churches have not seen in the modern history, where worshipers around the world will effectively be saying goodbye to pope benedict. and he will be carrying out all of his schedule appointments during that time at the moment but he leaves the vatican this evening as of the last day of this month, and the first of those on schedule appointments, just off the square the you see behind me. >> his first appearance since he shocked the world with his resignation. this was his regularly scheduled weekly audience. the vatican insists that it will be business as usual, but nothing here is as usual now. in the pope began by speaking of the momentous announcement of his retirement. >> i resign for the benefit of the church, having prayed hard and examined my conscience i am fully aware of the gravity of the decision i have taken. my physical and spiritual strength have been diminishing. i will not be able t
happening now. jenna: hi, everybody, great for you to join us today, we are always so happy to see you, i'm jenna lee. jon: i'm jon scott. california police are working to confirm that. charred human remains found in a mountain cabin of those of accused excop christopher dorner. wanted in the murders of four people, including two california law enforcement officers in a revenge-fueled rampage. the long search reached a dramatic climb action on live television yesterday when a plan believed to be dorner took two possible tajes and stole a car. one of the possible hostages got free and dialed 911. police tracked down the suspect, engaged him in a wild shootout and dorner ultimately barricade himself inside the cabin which eventually went up in flames. los angeles police holding a news conference right now with new details on this standoff. let's listen. >> what transpired in san bernardino is being investigated by the san bernardino county sheriff's department, and so i have no comments on their investigation at this time. i can tell you that the lapd has now moved back into a normal state
declared to this chamber that the constitution makes us not rivals for power but partners for progress. >> reporter: in the first state of the union address of his second term -- >> the state of our union is strong. >> reporter: -- president obama made a direct challenge to congress. >> let's get this done. >> reporter: as he laid out his vision for the country, the president repeatedly called on democrats and republicans to act. >> the american people don't expect government to solve every problem. but they do expect us to put the nation's interests before party. >> reporter: it all came on the same day speaker john boehner called the president out for not having the courage or guts to make tough choices on the budget. the president used the power of the podium to push back. >> some in congress have proposed preventing only the defense cuts. by making even bigger cuts to things like education and job training. medicare and social security benefits. that idea is even worse. >> reporter: as is typical of most state of the union addresses, the president covered lots of ground. >> our fir
we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an ally. yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? >>> why are you awake? john tower has the answers. >> kim zimmerman says she has a powerful thirst for knowledge. mario. >> i threw out the onion sandwich reference which they're eating on that carnival cruise line. it was from a hemingway book. this from low. i think features in onion sandwich, it's not too early for me in dublin, ireland. so we have watchers there. it's 11:00 a.m. there. and of course, the first public work of ernest hemingway, onion sandwiches wrapped in waxed paper. there's your piece of knowledge for today. thanks for watching. "morning joe" starts right now. >>> 51 years ago, john f. k
used in the auto industry, not just for earrings anymore. retail sales growth slowing in january as higher taxes and gasoline prices did hurt spending. the commerce department reporting retail sales edged up a tenth of a percent following a half percent gain in december. ashley: i left the earrings at home. joe is in the pits of the cme and market panel today, david, partners, ceo and charlie smith, for pick group capital, and joe at the cme, before we get to the stocks for earnings, after a 6% runup in january, this market, as i said to liz earlier, seems to be just moving sideways waiting for the an fit pated correction. is that how you characterize it? >> i think that's how it's been trading, and, i mean, here's one thing that's been holding back the pull back, a retail community that's not been participating in this market at the level we would say they are overly bullish and ripe for a pull back. this is institutionally supported, and until we start seeing that retail flow come in, i'm going to continue to see this grind and bullish trend in tact. liz: applied materials numb
'reilly. thanks for watching us tonight. the state of the union coming up in about an hour. we have full coverage of that but, first, a major breaking story in america tonight. now, you guys are going to have to be fluid here because 33-year-old christopher dorner, former l.a. cop turned murderer, may be dead, possibly killed by authorities after he barricaded himself in a mountain cabin east of los angeles. we don't know his status. cabin is is on fire even as we speak. so through the this hour we are going to go back in and out. okay? the drama began shortly after noon west coast time when dorner stole a car, tried to make a get away from the big bear ski area where he had been hiding after murdering a police captain's daughter, her fiance and then a riverside county police officer severely wounding another. dorner alluded authorities for six days, today he killed yet another officer, a california wildlife warden. also wounded another warden in critical condition right now. so what we're going to do through the this hour latest on this case because stuff is happening minute by minute, literally
recently asked us to please stop the twitter feeds because they wanted that to stop. if they wanted to they would gable again and change frequencies on the scanner. enforce this no fly zone over the cabin. checking every single car that comes in and out of big bear. we mentioned a couple of times three highways that go in and out. as of 2:00 this afternoon west coast time or 3:00. every one of them was shut down. they weren't letting anybody go anywhere. this highway 38 that the cabin sits about couple yards up still shut down. this thing appears for now to be making its way towards an end and this, again, the biggest man chase in california history, shep. >> well, soon we will learn exactly what happened when one of two people being tied up inside a cabin was able to escape we'll learn what happened after that when fish and game authorities engaged in a vehicle-to-vehicle shootout. when this man who had been hunted for days now ended up crashing that vehicle and eventually met his end in this cabin. for trace gallagher in los angeles. i'm shepard smith in rome. our coverage continu
wanted to get things done he would work for us instead of campaigning. >> he would work with us instead of campaigning around the country. is that fact, fiction or an opinion? >> it's just an opinion. every president does this after the state of the union. you saw it with gorge bush after he had the idea of privatizing social security. he went across the country to do that. this is a republican talking point. this idea that somehow obama doesn't want to work with the republicans and he is the who is obstructing poor progress in terms of the economy and other issues and he is always if campaign mode. it's not surprising that this is what they say again. i think you have a president that realizes he did well in 2012 and he has momentum and very much wants to go above the head of the folks in that audience. on the one hand, the audience was congress and also the american people. it's smart for him in keeping with what other presidents did. >> michael, with his stalemate or fever as it is described, why wouldn't the president go over the heads of congress? we are seeing some compromise, per
is with us from the state of oregon and thank you for your interest in serving on this committee as well. we also have some new members who have joined us, hakim jeff reets is with us, he's from the state of new york. mark poe can from wisconsin. michelle lujan entry sham from new mexico. jared huffman from california. and tony cardenas from california, i don't know if he's been able to join us yet. welcome to our returning members and new members on both sides of the aisle. >> thank you, mr. van hollen. thank you, everybody, for joining the committee. we look forward to a good and thorough debate. today we meet to consider the committee's rules of procedure and consider the oversight plan. the proposed rules and oversight plan have been shared with all members of the committee. my understanding is the minority has no objection to the rules and oversight plan. the committee's rules set out its procedures and conform them to the house rules. the oversight plan is the proposal for planned activities for the congress. we will consider the rule for adoption. these are essentially the same rules
saying the substitution makes us not rivals for power but partners for progress. you agenda he made few concessions to republicans. it remans to be seen whether the president can break away from the bitter partisanship and dysfunction of his first term and whether he can strike the grand bargains the country needs. >> the greatest nation on worth cannot keep conducting its business by drifting from one manufactured crises to the next we can't do it. [applause] let's agree, let's agree right here right now to keep the people's government open and pay our bills on time and always uphold the full faith and credit of the united states of america. our economy is stronger. when we honor else the talents and ingenuity of striving hopeful immigrants. and right now, leaders from the business labor law enforcement faith communities, they all agree that the time has come to pass comprehensive immigration reform. now is the time to do it. know is the time to get it done. if you want to vote no, that's your choice. but these proposals deserve a vote. graduations, anniversaries have been stolen from
? >> i got us a meat salad and a large drink, one straw so we could share. >> that's too big for new york city, that soda. >> this is sort of our valentine's day. i'm not here tomorrow to share it with you. >> i would love to take a swig of this. >> look, look! see that? >> now i know where your true affections lie! >> it's the other woman! it's the other woman! >> what is this? >> butter cup. >> a woman in every port, mel. >> and you ate half this, by the way. half is gone. >> happy valentine's out there. >> to everybody, a day in advance. >> a day early. >> which is the way to do it. >> don't go anywhere. "mad >> i'm jim cramer, welcome to my world. you need to get in the game. stearns are going to go out of business and he's nuts, they're nuts, they know nothing. i always like to say there is a bull market somewhere. "mad money," you can't afford to miss it. hey, i'm cramer. welcome to "mad money," welcome to cramerica. other people want to make friends, i'm trying to save you money. i'm teaching and coaching you. call me at 1-800-743-cnbc. of night i come out here and help you find hi
Search Results 0 to 34 of about 35 (some duplicates have been removed)